Until February 28 you can request a tax relief that can be up to $1,500 dollars in New Jersey if you are a homeowner or a renter. At GlobeLiveMedia we tell you how to get it
In June 2022, the Governor of the state of New Jersey, Phil Murphy, announced a tax relief called ANCHOR (the acronym in English for the program called Affordable Communities for Owners and Renters of New Jersey) for owners and renters of this state. which consisted of obtaining checks that could oscillate between $450 dollars and $1,500 dollars.
Therefore, at GlobeLiveMedia we explain everything you need to know about how to obtain this tax relief if you live in the state of New Jersey.
What is the deadline to get tax relief in New Jersey?
Next February 28, 2023 is the deadline to apply for this tax relief, so you should act quickly.
Who is eligible to apply for this tax relief in New Jersey?
1) Homeowners whose income is $150,000 a year or less: will receive a tax relief of $1,500.
2) Homeowners with income of more than $150,000 per year (with a limit of $250,000 per year): will receive a tax relief of $1,000.
3) Renters whose income is $150,000 a year or less: will receive a tax relief of $450.
According to New Jersey authorities, approximately two million people are eligible for this program, whose deadline has just been extended.
In case you were wondering, there is no set age limit to apply for ANCHOR tax relief.
In addition, you must meet these requirements:
1) You must have occupied your primary residence by October 1, 2019.
2) You must have declared your state taxes on your income (it is also valid to be exempt from declaring taxes).
How can I get this tax relief in New Jersey?
Homeowners will need an ANCHOR ID and PIN to apply online or by phone. These data must have been received by regular mail or email.
To apply online, you must enter this web page and follow the steps. To apply by phone, you must call 1-877-658-2972.
Tenants can apply online here (no phone option available) and don’t have an ID or PIN.
When and how will I receive my New Jersey tax relief once I apply?
All payments will be sent as checks or by direct deposit in late spring 2023 (no later than May 2023).
It should be noted that payments will not be sent in the order in which the requests are received.